Endeavour Silver (EXK) Receives a Rating Update from a Top Analyst


H.C. Wainwright analyst Heiko Ihle reiterated a Buy rating on Endeavour Silver (EXK) today and set a price target of $5.25. The company’s shares closed last Friday at $4.10.

According to TipRanks.com, Ihle is a top 25 analyst with an average return of 34.9% and a 66.6% success rate. Ihle covers the Basic Materials sector, focusing on stocks such as Solitario Exploration & Royalty, Northern Dynasty Minerals, and First Majestic Silver.

The word on The Street in general, suggests a Hold analyst consensus rating for Endeavour Silver with a $4.46 average price target, implying a 10.1% upside from current levels. In a report issued on August 5, Roth Capital also maintained a Buy rating on the stock with a $5.00 price target.

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Based on Endeavour Silver’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $20.2 million and GAAP net loss of $3.29 million. In comparison, last year the company earned revenue of $28.29 million and had a GAAP net loss of $10.12 million.

Based on the recent corporate insider activity of 10 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of EXK in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Endeavour Silver Corp. operates as a mineral company. It engages in the evaluation, acquisition, exploration, development and exploitation of precious metal properties in Mexico and Chile. The firm’s projects include Terronera property in Jalisco, El Compas property and La Plata plant in Zacatecas, and Parral property in Chihuahua. The company was founded by Bradford James Cooke on March 11, 1981 and is headquartered in Vancouver, Canada.

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